Covina, CA Airbnb Market Data, Statistics, and Occupancy Rates

Covina Short-Term Rental Market Overview

Covina is a small but growing short-term rental market in the San Gabriel Valley with 49 active Airbnb listings and notable year-over-year listing growth of 96%. The average annual revenue sits at $22,502 against an average home value of $943,085, which means investors will need to be strategic about deal sourcing to generate attractive returns. An ADR of $183 — well below the $551 California state average — and a 34% occupancy rate signal a market where competitive pricing and property differentiation are essential.

Key Market Statistics

According to Rabbu market data, the Covina short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.

Why Investors Consider Covina

Investors look at Covina for its proximity to greater Los Angeles, relatively accessible entry price for California, and above-average market growth trends that signal rising demand.

Expert Market Assessment

"Covina presents a competitive opportunity where selective deal sourcing matters more than in higher-yield markets. The revenue-to-price ratio sits below average given the $943,085 average home value against $22,502 in annual revenue, making cash-flow positive outcomes dependent on finding properties priced well below the market average or commanding premium nightly rates. Seasonality is moderate — July is the strongest month at $2,539, roughly 75% higher than January's $1,452 — so investors should budget for softer winter months. The rapid growth in listings signals opportunity but also increasing competition, which makes property quality and amenity differentiation increasingly important."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Covina

Average revenue by month in Covina

Covina's revenue cycle peaks sharply in summer, with July ($2,539) and August ($2,444) leading the year, while January ($1,452) marks the low point — a spread of roughly $1,087 between the best and worst months. This moderate seasonality means investors should plan for leaner winter cash flow but can expect a reliable summer lift.

Active Airbnb listings by property size in Covina

The supply landscape in Covina is heavily concentrated in 1-bedroom units (27 listings), with 3-bedroom properties making up a smaller share at 10 listings. The absence of 2-bedroom and 4+ bedroom data in the active inventory suggests these sizes may be underserved, potentially representing a differentiation opportunity for investors.

Average daily rate (ADR) by property size in Covina

ADR more than doubles from 1-bedroom listings ($83) to 3-bedroom properties ($208), reflecting a strong premium for larger spaces. This $125 nightly rate increase suggests that stepping up to a 3-bedroom configuration delivers meaningful pricing power relative to the additional investment required.

Average RevPAN by property size in Covina

Three-bedroom properties deliver a RevPAN of $53 compared to $34 for 1-bedroom units, indicating that larger homes generate more revenue per available night despite their lower occupancy. This gap highlights that the ADR premium on 3-bedroom listings more than compensates for the occupancy difference.

Average occupancy rates by property size in Covina

One-bedroom listings maintain a notably higher occupancy rate at 41% compared to just 26% for 3-bedroom properties, suggesting that smaller units attract more consistent booking volume. However, the lower occupancy for 3-bedrooms doesn't necessarily signal weaker performance since their higher ADR compensates significantly on a per-night revenue basis.

Average monthly revenue by property size in Covina

Three-bedroom properties outpace 1-bedrooms by a wide margin, averaging $2,725 per month versus $1,184 — more than a 2.3x difference. This revenue gap makes a compelling case for investors to target larger properties in Covina, provided acquisition costs and operational expenses support the investment.

Average annual revenue by property size in Covina

Annual revenue for 3-bedroom properties reaches $32,701, roughly 2.3 times the $14,213 generated by 1-bedroom units. For investors focused on maximizing gross income potential, the 3-bedroom configuration clearly offers the strongest return profile in this market.

Most common amenities for Airbnb listings in Covina

Parking dominates at 94% prevalence — nearly universal and clearly a baseline expectation in this car-dependent suburban market — followed by kitchen (90%) and washer (78%). The high prevalence of workspace (74%) and self check-in (71%) signals a guest base that values convenience and functionality, likely including remote workers and extended-stay travelers.

Understanding Covina's ROI Score: 43/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Covina's ROI Score of 43 out of 100 places it in the Competitive Opportunity range, meaning the market has genuine demand and growth momentum but requires disciplined deal sourcing. The below-average revenue-to-price ratio is the primary drag, driven by California's high home values relative to achievable STR income, while occupancy stability and supply/demand balance both sit at average levels and above-average market growth provides a positive tailwind. Pairing this data with thorough local regulatory research and careful property-level underwriting will be key to identifying deals that pencil out in this market.

Short-Term Rental Regulations in Covina

Understanding local STR regulations is essential before investing in Covina. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Covina, California may be required to obtain a business license or STR-specific permit before listing their property. Investors should verify current registration requirements directly with the City of Covina's planning or business licensing department, as rules can evolve with the market's rapid growth.

Key Restrictions

Common STR restrictions in California cities can include occupancy limits, minimum stay requirements, noise and nuisance ordinances, designated parking mandates, and caps on the number of permits issued. HOA rules may further restrict short-term rental activity in certain neighborhoods, so it's important to review any applicable covenants before purchasing.

Tax Obligations

STR hosts in California are generally subject to transient occupancy taxes (TOT) and may also owe state sales tax on rental income. Platforms like Airbnb often collect and remit some of these taxes on behalf of hosts, but operators should confirm their specific obligations with Covina's finance department and the California Department of Tax and Fee Administration.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Covina can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Covina's STR market is likely to see continued supply growth given the 96% year-over-year increase in listings, which could put additional pressure on occupancy unless demand keeps pace. Seasonal patterns suggest revenue will peak during June through August, with monthly averages potentially ranging from $2,100 to $2,550 during those months, while winter months may remain softer around $1,450–$1,700. ADR growth estimates in the low single digits (1–3%) are reasonable given the market's suburban positioning, though investors who optimize for summer demand and longer-stay guests could outperform these baseline predictions."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Covina, CA

What is the average Airbnb occupancy rate in Covina?

The average Airbnb occupancy rate in Covina is currently 34%, which falls below the California state average of 43%. Occupancy varies by property size — 1-bedroom units average 41% while 3-bedroom properties come in at 26%. These figures reflect market-wide averages; individual hosts who optimize their listings, pricing, and guest experience can often achieve higher occupancy than the market baseline.

How much do Airbnb hosts make in Covina?

Airbnb hosts in Covina earn an average of $1,875 per month, which works out to roughly $22,502 per year based on trailing 12-month booking data. Revenue varies significantly by property size: 1-bedroom listings average about $14,213 annually, while 3-bedroom properties generate approximately $32,701 per year. Peak summer months like July can push monthly earnings above $2,500.

Is Covina a good market for Airbnb investment?

Covina scores a 43 out of 100 on Rabbu's ROI Score, placing it in the 'Competitive Opportunity' category. The market shows above-average growth trends and solid demand signals, but the revenue-to-price ratio is below average given high California home values averaging $943,085. Investors who find properties priced below the market average or who can command premium rates through quality and amenities may still find attractive returns, but this is a market where careful deal analysis is essential.

What is the average daily rate (ADR) for Airbnb in Covina?

The average daily rate for Airbnb listings in Covina is $183, which is significantly lower than the California state average of $551. ADR varies substantially by property size — 1-bedroom listings average $83 per night while 3-bedroom properties command $208 per night. This pricing reflects Covina's suburban positioning compared to coastal or downtown California markets.

Are short-term rentals legal in Covina?

Short-term rentals may be subject to local regulations in Covina, California, including potential permit or business license requirements. Specific rules regarding STR operations can change, so prospective investors should contact the City of Covina directly to confirm current permit requirements, any zoning restrictions, and applicable tax obligations before listing a property.

When is peak season for Airbnb in Covina?

Peak season for Airbnb in Covina runs from June through August, with July being the highest-earning month at an average of $2,539 in revenue. August follows closely at $2,444, and June comes in at $2,132. The slowest month is January at $1,452, making the peak-to-trough spread roughly 75%. This summer-centric pattern is common in Southern California suburban markets.

How many Airbnbs are there in Covina?

There are currently 49 active Airbnb listings in Covina as of April 2026. The market has seen significant growth, with active listings increasing by 96% year over year. The supply is concentrated in two segments: 1-bedroom properties (27 listings) and 3-bedroom properties (10 listings), suggesting there may be gaps in the 2-bedroom and 4+ bedroom categories.

How is Airbnb revenue calculated in Covina?

The annual and monthly revenue figures for Covina are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for the Covina market
• Occupancy rates, average daily rates, and RevPAN metrics across property sizes
• Monthly and annual revenue trends based on trailing 12-month booking performance
• Home value data sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings to inform property setup decisions

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and may not capture very recent market shifts or seasonal anomalies. Local STR regulations, tax obligations, and permit requirements are subject to change — always verify with municipal authorities before investing.